The Nigeria National Petroleum Corporation (NNPC) Limited has attributed the recent scarcity and hike in fuel price observed in Abuja to disruptions in movement of the products caused by thunderstorms and other weather-related issues. The Chief Corporate Communications Officer of…
The Major Energies Marketers Association of Nigeria (MEMAN) on Sunday advised Nigerians not to engage in panic buying of fuel for stockpiling purposes. Its Executive Secretary, Mr Clement Isong, gave this advice in an interview with the newsmen due to…
The Nigeria Customs Service (NCS) and the Nigeria National Petroleum Company Ltd. (NNPCL) have reinforced their existing synergy against the smuggling of petroleum products from Nigeria to neighbouring countries. This is disclosed in a statement issued by the Customs Spokesman,…
The Minister of Power, Adebayo Adelabu, has said that Nigerians spends N16.5 trillion annually on fuel and the servicing of generators. Adelabu made this known on Tuesday at the ongoing NOG Energy Week in Abuja. The minister attributed his assertion…
No fewer that five vessels laden with crude and diesel fuel will berth in Apapa and Tincan ports in Lagos, a daily publication the Nigerian Ports Authority, has indicated. The vessels would also come with containers of different products. The…
The Major Energies Marketers Association of Nigeria has stated that ethanol could be adopted as a biofuel to help Nigeria in reducing energy poverty and emissions. According to MEMAN during a recent quarterly press webinar and engagement, about $7.4 billion…
Since the removal of fuel subsidy on May 29, 2023 life has not been the same in the country. The situation worsened when the Federal Government’s promise of making fuel available for the citizenry in December 2023, by locally refining…
The Peoples Redemption Party (PRP) has advised the Federal Government to reject the advice of the International Monetary Fund (IMF) to phase out petrol and electricity subsidies. The PRP acting National Publicity Secretary, Mr Muhammed Ishaq, gave the advice in an…
This week, global crude prices have seen a reduction as the market reacts to weakening economic data out of China. It has been said that when global crude oil prices rise, fuel pump prices in Nigeria will rise as well.…
Chairman of ICPC, Prof. Bolaji Owasanoye, has attributed the rising level of corruption in public offices and the country as a whole to community pressure and expectations of people in office. The Independent Corrupt Practice and Other related Offences Commission…
